ICAEW Business Confidence Monitor: national
The latest ICAEW Business Confidence Monitor (BCM) shows business confidence returning to positive territory in the first quarter of 2020, after being at its lowest level for a decade at the end of 2019.
Key findings this quarter
- Confidence Index rises to +1.3 (from -20.6 last quarter), at least partly due to the general election. Underlying economic fundamentals remain challenging.
- GDP may experience a small bounce in Q1, but growth is likely to remain subdued through 2020.
- Domestic sales and exports are slowing compared to previous years, and this is leading directly into a duller picture for profits growth.
- Capital investment remains low due to continuing uncertainty - including over future trade deals, with plans for the year ahead still very weak.
- Slow growth in investment continues to hurt productivity performance.
- Concerns over regulations remain the most commonly cited challenge, and will be a factor to watch during this year’s trade negotiations.
Find out about the research methods that underpin the ICAEW Business Confidence Monitor.
Using BCM data
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Taking part in the BCM
If you're an ICAEW member working in industry or commerce you might be called to give an opinion on the economic prospects facing your organisation - please spare a few minutes to take part. Your views will provide information on matters of key concern to a broader businesses community, policy-makers and the media. You'll also be helping ICAEW to promote Chartered Accountants as business people with a serious contribution on business, finance and economic issues.